Cosco Shipping Ports and CMA Terminals Holding have signed a memorandum of understanding (MOU) in Shanghai to reinforce their strategic cooperation on port operations and investments.

Cosco Shipping Holdings, the Shanghai and Hong Kong-listed unit of China Cosco Shipping Corporation Limited (Cosco Shipping), is expecting to record a net loss for the financial year ended 31 December 2016.

Container terminal operator PSA International saw its global container volumes rise 5.5% in 2016 driven by its business outside of its homebase Singapore, and its expects this year to remain tough.

Be it be in shipping, the economy or politics 2016 has been a tumultuous year. Seatrade Maritime News takes a look back at the year and top stories in the world of shipping and maritime.

As part of the Maersk’s “new direction” set out by ceo Soren Skou on Tuesday the relationship between Maersk Line and APM Terminals is set to change.

The world’s busiest port of Shanghai is poised to beat the container throughput of 36.54m teu it set in 2015, after it recorded throughput of 34.04m teu in the first 11 months this year.

NYK Ports, subsidiary of Japan’s Nippon Yusen Kaisha (NYK), together with Macquarie Infrastructure Partners III have invested in Maher Terminals, which operates a terminal in the US port of New York and New Jersey.

Throughput growth at the port of Hong Kong finally turned back into positive territory in October, rising 12.4% to 1.67m teu.

Singapore container terminal operator PSA is warning shippers they have till 28 November to claim laden containers from bankrupt Hanjin Shipping.

Manila-based International Container Terminal Services, Inc. (ICTSI) has handled higher container throughput for the quarter ended 30 September 2016 compared to the year-ago period, contributing to strong profit growth.